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20130121
20130129
Search Results 0 to 6 of about 7 (some duplicates have been removed)
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision o
toy with the debt ceiling and putting the chances of default at risk, that would be disastrous. we've kind of avoided that for now. don't forget, the fiscal cliff itself is a device that was put in place because of the current situation, because we can't come to an agreement on everything. >> but now it may actually be fostering a lack of bipartisanship, right? the snake has eaten its own tail. >> yes, exactly. >> i love that. it's so useful. >> losing our appetites, right? >> in terms of the other piece, the austerity program that the republicans would have us on, you know, for a long time we've been able to look -- not a long time, but at least a year we've been able to look at what has happened to the u.k. and their economy and sort of this fiscal austerity and how it actually hasn't worked, and as andrew points out, do you think republicans are sort of finally coming to terms with that notion? >> i don't think so. that goes against everything that they stand for. the fact that that would not work. it's funny. andrew mentioned the imf issued some concerns specifically when talki
the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see
of saying hey, we're not going to lift the debt ceiling, you say, yeah, we will for three months and then go ahead and pass a budget in that time period. is that possible? >> i sure hope so. obviously that's the goal. that's been my goal for the last 18 months since i've been in the senate. obviously to push the senate to do something. as you mentioned, we haven't had a budget for almost four years. washington, d.c i think we can agree on one thing, that the worst run institution in america right now is the united states congress. we need to do something different. >> brian: so to do that, you got to get to some control over your own colleagues and to do that, hold on to their paycheck. republicans like darrell issa say i think that's unconstitutional. >> there is a lot of people in washington, d.c. that obviously don't want to cut their pay. the purpose of that constitutional amendment was to make sure that members of congress didn't enrich themselves during the legislative session. i'll tell this to darrell issa and nails wants to make this argument. cut your pay and go back to your distri
in washington. the debt ceiling debacle is postponed until may. the senate is close to a deal to reforming the filibuster. and we of course are waiting for the start of the nomination hearing for john kerry to be secretary of state. senator kerry is going before the committee that right now he chairs. foreign relations. and he'll be introduced by senators john mccain, by elizabeth warren and the current secretary of state, hillary clinton. it's expected to be very different than the fiery hearing yesterday in that very same room where secretary clinton made a passionate defense to republican senators aggressive questioning about what happened in benghazi. >> the fact is we had four dead americans. was it because of a protest or was it because of guys out for a walk one night who decided they would go kill some americans? what difference at this point does it make? it's our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. >> i want to bring in ron, national correspondent and editorial director, and michael crowley, times deputy washi
the inauguration to a deal on the debt ceiling to the president naming a new chief of staff. we wanted to focus on a few others that caught our attention. first, secretary of state hillary clinton on capitol hill. she was testifying about the attack in benghazi that left four americans dead. now at one point clinton angrily snapped at republican senator ron johnson who wanted to know why the exact origin of the attack should have been revealed much earlier. >> what difference at this point does it make? it is our job to figure out what happened and do everything to prevent to from happening again. >> joining me now, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." maria, you used to work for hillary clinton. are you proud of your former boss? >> these did -- she did an amazing job. it was vintage hillary clinton. look, her performance this week, it was so many things. she was unequivocal in taking responsibility for what happened which is absolutely the right thing to do and something she did from the first -- the get-go. she was deficit in deflection of quest
Search Results 0 to 6 of about 7 (some duplicates have been removed)